Pine Tree Equity Invests in Community Medical Group

Pine Tree Equity Invests in Community Medical Group

Pine Tree Equity III, LP (“Pine Tree Equity”), a private equity firm based in Miami, FL, is pleased to announce that it has invested in Community Medical Group (“Access Medical” or the “Company”) in August 2013. The Company, founded in 2000 and headquartered in Miami, FL, is one of the largest independent providers of primary care physician services primarily to Medicaid eligible patients in South Florida. The Company services Medicaid and Medicare members through a network of 10 medical centers located in Miami-Dade County, FL. Access Medical has seen significant growth in its patient base, which is expected to continue as the state of Florida is currently implementing initiatives that are projected to more than double Medicaid enrollment in managed care programs by January 1, 2014.

Pine Tree Equity has partnered with Mr. Luis Izquierdo, a successful senior executive with extensive healthcare services experience, to add new health plan customers and expand facility and physician capacity to capitalize on strong trends in the market for managed care.  Mr. Izquierdo formerly served as Chief Marketing Officer for Continucare where he played an integral role in building the company into a leading provider of primary care physician services with over $350 million of revenue and a network of 20 medical centers in Florida by the time of the company’s sale to Metropolitan Health Networks in 2011.  He subsequently went on to serve as Chief Marketing Officer of Metropolitan Health Networks, which when combined with Continucare, provided care to Medicaid and Medicare members through a network of 31 company-owned medical centers and 250 contracted, independent medical centers in Florida.

Access Medical marks Pine Tree Equity’s 1st investment in the healthcare services industry and 22nd in services investment since Pine Tree Equity’s inception in 2007.

We are pleased to offer traditional referral fees for a closed transaction based on a signed fee agreement.  For additional information, please call Jeff Settembrino at 305-808-9820.

  • Community Medical Group